Godawari Power reports 42% yoy growth in revenue; stock zooms ~4%

1 Feb 2022 , 01:10 PM

Godawari Power & Ispat Limited share gained near 4.37% on Tuesday following its results announcement for the quarter ending December 2021. It was the last trading at Rs 312.75, up by Rs 13.10 or 4.37% since its previous closing price of Rs 299.65.

The company reported a net profit (PAT) of Rs 328.60 crore for Q3 FY’22 against Rs 160.84 crore for Q3 FY’21, increasing by 104.30% YoY.

The company reported a revenue of Rs 1,606.60 crore for the quarter ending December 2021, against Rs 1,131.65 crore for the previous corresponding quarter, reflecting a growth of 41.97% YoY.

The company’s EBITDA stood at Rs 500.84 crore for the quarter ending December 2021, as against Rs 347.86 crore for the previous corresponding quarter, reflecting a growth of 43.98% YoY.

The company’s EPS narrowed from Rs 45.64 in Q3 FY’21 to Rs 24.95 in Q3 FY’22.

Overall, the company reported robust growth across all its business segments. The growth momentum continues in operating profits despite unfavorable situations impacting the company’s production.

GPIL is a flagship Company of Raipur-based Hira Group of Industries having dominant presence in the long product segment of the Steel industry, mainly into mild steel wire. Today, GPIL is an end-to-end manufacturer of mild steel wires.